![]() Armed with your estimated taxes, you then have until December 2021 to make charitable contributions, invest for retirement, or do other things which can help manage and lower your tax liability.Īlso included in the table is the actual income taxes you will owe based on your income level. ![]() Understanding the tax brackets will help you to estimate your potential tax liability next year. (Numbers are rounded to the nearest dollar where needed.) Every tax bracket got a little bump up in size, allowing more of your money to be taxed at lower rates. The most common tax filing statuses are shown in the image for the 2021 tax brackets which you will use to calculate your taxes to be filed in 2022.
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